United Arab Emirates integrated mill Emirates Steel Arkan (ESA) has nominally increased its domestic rebar prices for February deliveries, as was expected, notes Kallanish.
ESA has increased its domestic rebar (BS4449:2005 grade GR500B) quotes by AED 73.5/tonne ($20) to AED 2,444/t ($665) ex-mill theoretical weight for February rolling. ESA charges a premium of AED 73.5/t ($20) for 18mm and 40mm diameter, and of AED 92/t ($25) for 8mm. ESA…
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